Académique Documents
Professionnel Documents
Culture Documents
EXERCISES
Solution 1
1. B and C 7. D 13. A
2. B 8. None 14. None
3. A 9. None 15. B
4. B 10. A 16. None
5. A 11. B
6. A 12. F
Solution 2
(a) Investing activities:
Purchase or sale of noncurrent assets
Purchase or sale of securities of other entities
Loans or collection of principal of loans to other entities
Solution 3
(a) Add $10,000 (e) Investing $53,000; Deduct $1,000 (gain)
Solution 5
Prince Corporation
Statement of Cash Flows
For the Year Ended December 31, 2004
Increase (Decrease) in Cash